Jul 15, 2013, 8:57 AM EST
Last week, Kovalchuk sent shock waves through the hockey world when he decided to retire from the NHL despite having $77 million left on his 15-year, $100 million contract. Kovalchuk’s decision left the New Jersey Devils with a massive hole in their lineup, not to mention a $250,000 annual cap recapture penalty through 2024-25.
On top of that, the Devils don’t have a first round draft pick in 2014 as punishment for their first attempt to sign Kovalchuk.
Following his retirement, it quickly became apparent that Kovalchuk would head to the KHL to extend his career. His mother suggested that this had been on the 30-year-old forward’s mind since January and he was influenced by his time with SKA during the lockout.
Taxation in the United States as well as the NHL’s escrow rules were also apparently factors as it’s believed that Kovalchuk stands to benefit financially from this maneuver. SKA hasn’t released the financial terms of their agreement with Kovalchuk.
The next time a wide North American audience sees him on the ice might be during the 2014 Winter Olympics. Team Russia and the United States will be in the same division.
— Dave Stubbs (@Dave_Stubbs) July 15, 2013
- Comparing the records of all 30 teams in the last two months 58
- Lightning ride Paquette’s first hat trick to Atlantic lead 8
- Price wins goalie duel vs. Lundqvist as Habs edge Rangers 4
- Leafs’ luck: Bernier gives up long distance goal, things unravel in third 20
- AHL announces new Pacific Division — who could go west next? 36
- Babcock didn’t think Wings would be ‘near where we’re at’ 16
- Brodeur announces retirement, leaves ‘the game with a big smile on my face’ 16
- NHL on NBCSN: Sharks’ ‘dog fight’ continues vs. red hot Ducks 5
- NHL on NBCSN: Rangers, Canadiens seek edge as divisional battles intensify 2
- Struggling Kings complete the comeback against Blackhawks 12